← All signalsA Class A ▼ displacement forms after the London session sweep of the 7435.75 ITL, with price breaking below the MSS level at 7431.5 into fresh lows near 7424.97. The prior swing sequence established an ITH at 7540, a deep ITL at 7435.75, then a failed ITH attempt at 7471.25 followed by another ITH probe at 7420.75—each successive high lower, confirming bearish structure. The displacement (7409.5 to 7475.75) contains two iFVGs in the upper zone (7438.25–7439.75 and 7458–7461.5) that remain unfilled, while a newer bear FVG (7459.75–7461.5) and a subsequent bear FVG (7433–7441.25) sit within the move lower. The 7433–7441.25 FVG is now the active mitigated zone after the recent sweep. Price enters PM killzone on a 60-minute bearish bias with all higher timeframes aligned down. A student observing this setup should note how each failed ITH at progressively lower levels narrows the range of acceptance and increases the probability of a deeper displacement—the compression itself becomes a signal that liquidity pools below are the target, not reversals at resistance. Price sits 36.75 points below VWAP while the EMA stack remains mixed, with the 20 and 200 converged near 7451 but the 50 elevated at 7465—suggesting uncertain directional conviction. RSI at 35 occupies weak territory, reflecting diminished momentum without yet reaching oversold extremes. MACD line trades below its signal at −9.13 versus −7.96, with a negative histogram of −1.17, confirming bearish momentum alignment. ATR at 18.98 points is moderate for this timeframe, indicating neither compression nor expansion volatility. Volume registers at 37,698 contracts—only 59% of the 20-bar average of 64,156—revealing light participation at the firing bar. The combination of price below both VWAP and the EMA cluster, momentum weakness in RSI and MACD convergence below the zero line, and subdued volume creates a setup marked by hesitation rather than directional clarity.
Class A ▼ detected in pm
Fri, May 15, 2026, 04:00 PM EDT
ICT perspective
Setup, swing context, displacement, killzone
▭ FVG▭ iFVG┄ MSS━ OB━ PWH/PWL▣ Swept
same setup, second lens
Traditional TA perspective
VWAP / EMA stack / RSI / MACD / Volume
━ VWAP━ EMA 20━ EMA 50┄ EMA 200·━ RSI(14)━ MACD━ Signal
Setup context
- MSS level
- 7431.5
- Displacement
- 7409.5 → 7475.75
- FVG
- 7433 → 7441.25
- Killzone
- pm
- Swept liquidity
- pdh, pdl, asian_hi, asian_lo, london_hi, london_lo, pm_hi, pm_lo, dh, dl
Swing sequence
ITH@7540 → ITL@7435.75 → ITH@7471.25 → ITH@7420.75
New to the vocabulary? See the glossary for plain-English definitions of every ICT term used above.
Educational observation only. Not financial advice.